Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$354,435$354,435$395,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$41,475$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.372%7.640%
1st payment$1,684.67$1,684.67$2,741.20
2nd payment$0.00$311.06$0.00
Taxes / mo$366.58$366.58$366.58
Insurance / mo$150.00$150.00$150.00
MI / mo$283.77$283.77$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,485.02$2,796.08$3,336.97
Cash to close$85,465$43,990$43,990